The impact of Techonology Transfer in Italy: Some Preliminary Remarks

Many scholars have examined the evolution of economic growth theories, focusing on the shift from neoclassical to endogenous models, which highlight knowledge, ideas, and human capital as productivity drivers. Many among them agree that innovation has a key role in economic development, with R&D investments crucial for national competitiveness; in this contest, university R&D generally provides long-term benefits, while corporate R&D yields quicker returns. This study explores the impact of patents and R&D expenditures by universities and firms on national and regional economic growth in Italy. Panel data analysis shows a positive correlation between value added per worker and R&D expenditures, with university R&D having a greater impact than firm R&D. Patents affect growth with a five-year lag, while gross fixed investments show an immediate, lower impact.